CHURNING
Excessive trading in a client’s account by a broker seeking to maximize commissions, disregarding the client’s best interests. This illegal and unethical act violates SEC rules and securities laws. While it cannot be measured, frequent buying and selling of securities far from the client’s investment objectives may be considered churning. It may often lead to substantial losses in the client’s account and may incur a tax liability for the individual even if profitable.
POPULAR TERMS
Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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